Donald Trump launching new (ANOTHER?) social media platform

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fskimospy

Elite Member
Mar 10, 2006
77,819
35,898
136
I'm so shocked. This earns 3 "that's a shame".

Investors in Trump’s Truth Social deal feel “remorse” — and pulling out of $1 billion deal: report | Salon.com

Only thing that sucks is that knowing Trump it's all OPM. He does not like being embarrassed though. After all, that's how we got stuck with him in the first place.
I am consistently amazed at how people continue to line up to be scammed by this guy. Truth Social was an absolutely obvious scam from the very start. How could any investor fail to see this?
 

Vic

Elite Member
Jun 12, 2001
49,384
11,535
136
I am consistently amazed at how people continue to line up to be scammed by this guy. Truth Social was an absolutely obvious scam from the very start. How could any investor fail to see this?
Typical pump and dump FOMO. Even a late investor can make money if they get out in time. Suckers who stay in too long get left holding the bag.
 
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tweaker2

Lifer
Aug 5, 2000
13,417
5,428
136
The Trump brand is nothing more than lead gilded in pyrite. Trump is the King Midas of Crap, the Pope of Pus, the Duke of Dumb, the Prince of Pricks, the legendary Ayatollah of Scam-you-rolla.

So why in the name of Limbaugh, Rove, Murdoch and Koch would anyone trust this guy with their money, their daughters and *cringe*shudder*........the fate of the nation? I mean the guy had a University named after himself by himself that was a shining example of the kind of accomplished scam artist that literally scammed his way into the White House fer cry'in out loud.

And still he is out there turning people's trust into despair and dismay. lol
 
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Lezunto

Senior member
Oct 24, 2020
964
857
106
It all has to do with what his most die-hard supporters yearn for: Complete domination and control of people they hate.

Some of those folks would hand over your first born to get what they want. This is why GOP policies are so cruel.
 

uallas5

Golden Member
Jun 3, 2005
1,213
1,101
136
Turns out that one of the original co-founders of the company became a SEC whistleblower. His allegations of wrongdoing are now the basis of the SEC investigation, which is why there's been a delay in the deal getting approved.

Co-founder of Trump’s media company details Truth Social’s bitter infighting (msn.com)

The complaint, drafted by Wilkerson’s attorneys, alleges that the company’s bid to raise money via an investment vehicle known as a special purpose acquisition company, or SPAC, relied on “fraudulent misrepresentations … in violation of federal securities laws.”

He was a meticulous records keeper and gave the feds EVERYTHING. Some nice little tidbits like Trump pressuring one of the other co-founders to "give" some of his stock to Melania, and how Eric and Don Jr. tried to slime their way into the company ownership when they realized it might actually make some money.

And Trump’s adult sons — Donald Jr. and Eric — began asking for large stakes in the company, Wilkerson said, even though they had been almost entirely uninvolved. “They were coming in and asking for a handout,” Wilkerson said. “They had no bearing in this company … and they were taking equity away from hard-working individuals.”

Oh and Truth fired the guy for breaking his NDA because he talked to the feds in clear violation of whistleblower protection laws.
 

Pens1566

Diamond Member
Oct 11, 2005
9,141
3,493
136
Turns out that one of the original co-founders of the company became a SEC whistleblower. His allegations of wrongdoing are now the basis of the SEC investigation, which is why there's been a delay in the deal getting approved.

Co-founder of Trump’s media company details Truth Social’s bitter infighting (msn.com)

The complaint, drafted by Wilkerson’s attorneys, alleges that the company’s bid to raise money via an investment vehicle known as a special purpose acquisition company, or SPAC, relied on “fraudulent misrepresentations … in violation of federal securities laws.”

He was a meticulous records keeper and gave the feds EVERYTHING. Some nice little tidbits like Trump pressuring one of the other co-founders to "give" some of his stock to Melania, and how Eric and Don Jr. tried to slime their way into the company ownership when they realized it might actually make some money.

And Trump’s adult sons — Donald Jr. and Eric — began asking for large stakes in the company, Wilkerson said, even though they had been almost entirely uninvolved. “They were coming in and asking for a handout,” Wilkerson said. “They had no bearing in this company … and they were taking equity away from hard-working individuals.”

Oh and Truth fired the guy for breaking his NDA because he talked to the feds in clear violation of whistleblower protection laws.
Gotta kick up to the capos ...
 
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